))
From Rounds to Receipts: The Complete Resident's Cashflow Guide
Manage episode 480034384 series 3612980
Content provided by Sim Terwilliger, CFP®, CSLP® and Sim Terwilliger. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sim Terwilliger, CFP®, CSLP® and Sim Terwilliger or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Residency is a financial tightrope — you've got the education of a doctor but the paycheck of... well, not a doctor. You’ll learn how to create a realistic cash flow plan without micromanaging every decision, how single residents navigate differently than couples, and when buying a house during residency makes sense (or doesn't). Listen in for practical advice without the judgment, shame, or complicated spreadsheets
Key moments:
(07:10) Start your cash flow plan by tracking regular bills first, then variable expenses (13:55) Borrowing extra during residency depends entirely on your repayment strategy (24:31) Credit card interest destroys wealth — always pay statements in full (34:35) Key questions residents should ask when comparing renting vs. buying a house (44:57) Should you save during residency — and if so, pretax or Roth?
Doctors know best... about medicine. Book a free intro call to give your finances a second opinion. Just browsing? Learn more about us at SLP Wealth.
Like the show? There are several ways you can help!
- Follow on Apple Podcasts, Spotify, or Amazon Music
- Leave an honest review on Apple Podcasts
- Follow us on YouTube at Financially Free Physicians
15 episodes
Share
